Such a bad decision in my opinion. I would not be surprised if the prize for DOGE will go down when people realize this
agree,this is terible idea
Bitcoin is a bad idea. Inflation has to be there in a real currency.
Cryptocurrencies are not commodities. It's designed to be spent and a medium to receive payments from. If a cryptocurrency is not that, it looses it's purpose.
A cryptocurrency should not be seen as an investment or something to hold on to for decades, there should be a little bit of inflation, cause that way people will not hold on to it like investment; instead they'll use it to buy investments like shares and gold -- which is something to be seen as an investment.
Even real currencies have an inflation problem and it's usually quiet a lot. Actually it depends on the country. But do people have problem with that?
If they did not like their current currency, they always had options. They whould've chosen fossil fuels anytime (who's value will always increase); the reason why they didn't is cause the inflation of national currency is negligible for them cause they use the national currency to spend, rather than invest and hold.
See, as of the current time's why inflation happens --
1) Price of critical for survival things (like food, energy, water, etc...) increase.
2) People demand for a higher salary, the salary increases slowly.
3) Forex prices drop cause the money in circulation increases <-------- inflation.
So it all starts with 1), in response to 1) the monetary authority of the country increases the money supply to give partial relief to the people.
This's the classic model. In Bitcoin model (assuming Bitcoin is the de-facto currency, which has more value than the national currency), the salaries will never increase cause the no. of Bitcoins is limited; putting pressure on the people to survive at a higher cost of living.
I have to put something else? Is it ok that I mine with 4 rigs on the same wallet adress?
